Member Info for NewKOTB

Wouldn't be at all surprised to see a fund raising RNS after hours today, with completion RNS in the morning, all taken up by AA although probably not communicated as so. Our board must of know how the market will react so must have a plan, probably at the expense of our SP and us investors, AIM really is a pile of *** sometimes !

I have until now been a strong supporter of CHAR, but this is it afaic, last straw and all that.

aimo & dyor

Clearly PI's are outside the circle of trust but right in the middle of the eye of the storm, no escape without pain, feel well an truly had my trousers taken down. How can these so called experienced board fall so short, can they really be this inept or as I suspect the last 12-18 months have been all by design.

aimo & dyor

Wonder if our ongoing strategic review includes a MBO option !

Ducks are now almost fully aligned for a Mgt T/O with backing from AA although probably not before another placing which will drop our SP even further.... be lucky to achieve double figure T/O imo. Too many half truths (at best) told to us PI's and played like a fiddle, hence why institutions are keeping away. Disgraceful use of capital and esp control of costs afaic.

Dream of CHAR's future as AIM stock owned by us is now on the ropes too.

aimo & dyor

" Why not immediately?.."

Because it's all in off-shore private accounts / investments, never to be seen again.

aimo & dyor

You all know what to do .... !!!

BB don't feed the Jackass, it's always looking for confrontation and chum of trewenuff.

TIA

Just report these idiots and Admin will take care of the rest.

Also, don't feed the other animals too, as they are able to start an argument in an empty room, blindfolded with the lights off. It looks for confrontation, for some sad reason only it knows why !

TIA to all.

aimo & dyor

"Labour will be buoyed that 51% Scots think GB Energy can reduce their household bills..."

Shakes head in disbelief..... Might as well say Labour will give each household a free money tree to plant too.

Thanks, I do remember something about it now, at least its one we shouldn't need to worry about.

atb

"Backdate the tax to the start of 2022.."

That would be met with a raft of legal challenges, clawback taxes from previously closed historic tax years, not a chance imo.

"Raise the rate to 78% from 75%.."

Easy win and easy to implement and shows the brainless voters, 'see, we told you we would do it', so for me this is a given !!

"End investment allowance.."

This is the tricky one, untold damage would be done but will take a few years to start to bite, at which time they will reverse their decision.... 'we have listened to the industry ... blah blah blah ..' by then TOO LATE, North Sea will never recover from its death spiral.

aimo & dyor

CR888,

"but now the rest of the shares might switch to a No vote .."

Sorry, but NO, they gave an Irrevocable undertaking !

It may be hard, soft or semi-hard, either way they can not change to a NO vote.

AIMO & DYOR

Of course I should of added we also have Columbus implications too.

Must be a deal to be made for all or cherry-pick some of their assets, given the administrators are involved it could move rather quickly as we know these assets inside-out..... but then again, we would be adding more NS assets when Mr Market is looking for us to acquire overseas.

aimo & dyor

Great, thanks to the TW deal, we are also in bed with someone who can't pay their bills.

Question is, will there be a fire-sale of assets or more likely, bondholders take Waldorf.

aimo & dyor

Yet another own goal for SQZ ..... If this doesn't make SQZ et al sit up and review their failing strategy, not sure what will. Then again, all going to plan for Mercuria.....

https://www.lse.co.uk/rns/JOG/agm-update-chlztvcz2tio8jv.html

aimo & dyor

DTP,

"they need to urgently look at moving from AIM ..."

Don't worry, Mercuria has it all in hand.

Yes, just pre TW deal SQZ had Cash & equivalents that is now equal to our current MCap, that's progress !!

aimo & dyor

At least its being talked about :

https://www.bbc.co.uk/news/articles/c0ddlkp9g9do

Surety,

If only our idiot's running the UK could take this approach too rather than pandering to the brainless majority for nothing more than a cross on a piece of paper. Instead of taxing the 'ell of out the NS, pass legislation to ensure that, say 40% of O&G profits go directly into UK renewables instead, if not, they pay the tax. With renewable investments made, they should also get substantial tax allowances on these investments too. The compound effect would turbocharge UK O&G companies transition. Spread this model across the world and Greta would be out of work....Simples !!

Just a thought as I'm sure there is a better way forward for all than taxing the NS to death in order to pay for the lazy hand-out-Britain Bums to continue their life-style. Sorry for slightly off-topic, rant over....

aimo & dyor

And so the capital destruction continues, even with BB's, Mercuria must be loving this, less than 4 months to go now !

aimo & dyor

Flexmw,

"Did anyone notice this from the 23rd May… I missed it..", tbh, so did I as I thought it was just another run of the mill Transaction in Own Shares RNS but they sneaked in the transferred of 4,894,636 ordinary shares out of treasury too, well spotted .

"In addition, to satisfy certain awards under employee share incentive schemes, the Company has today transferred 4,894,636 ordinary shares out of treasury.."

Some questioned why the BB was started, few weeks back I posted "BB probably designed to cover LTIP's etc so as not to unnecessarily dilute Mercuria's percentage...", say no more !

atb

aimo & dyor

"If they test within six months", there is no reason why CHAR can not be producing circa ~6 months from now imo. For me it's critical to get production flowing even faster than ASAP, we have the cash do we have the focus and determination to do so ! Regulatory production approval should not be an issue, production facilities however may provide a challenge however CHAR have had sufficient time to plan ahead, now lets make it happen.

aimo & dyor